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Is it Crunch Time for Saudi Arabia’s Yemen Operation?
- June 11,2015
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- SUSTG Team
In an in-depth analysis in Reuters, Angus McDowall writes that following Saudi Arabia and the GCC’s lack of success in significantly tipping the scales in Yemen with airstrikes, the limited options for Saudi Arabia’s leadership in the war-torn country come with high risks. With the possibility of a ground operation apparently ruled out, “Riyadh may soon […]
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NCB: Saudi real GDP to grow 3.4 percent in 2015
- June 10,2015
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- SUSTG Team
Saudi Arabia will face “a moderate business cycle during 2015 and 2016, growing around 3% in real terms,” Saudi Arabia’s National Commercial Bank (NCB) finds in a recently released study. The study, entitled “Saudi Economic Perspectives 2015-2016” with the theme of “Tackling Challenges on Solid Ground,” finds less contribution from the oil sector and moderation in […]
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IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
- June 3,2015
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- SUSTG Team
Defense consultancy IHS Jane’s says Saudi defense spending will be $48.7bn in 2015, a 2 per cent contraction over last year but will reach $62bn by 2020. Craig Caffrey, IHS principal defence budget analyst, said “We certainly expect a significant slowdown in the short term but longer term prospects remain strong,” The Financial Times (paywall) reports. “ “The Kingdom has […]
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Jadwa Investment June 2015 Saudi Chartbook: Strong Dollar and Low Oil Prices Affect Economy, But Non-Oil Exports See Uptick
- June 2,2015
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- SUSTG Team
Jadwa Investment’s June 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds negative net monthly change to government accounts, slowing bank credit to the private sector reaching year-on-year growth is at its lowest in four years, and falling bank deposits. However, following seven months of slowdown, inflation remained unchanged for April […]
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Video: Daesh Claims Second Mosque Attack in Saudi Arabia that Kills 4
- May 29,2015
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- SUSTG Team
A suicide bomber affiliated with the self-styled Islamic State, or Daesh, attacked a mosque in Saudi Arabia for the second time in a week on Friday, killing 4. The attack comes a week after another terrorist attack in Saudi Arabia’s Eastern Province that killed 21 worshippers and injured over 100 others. عاجل فيديو: لحظة تفجير مسجد […]
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Saudi Arabia’s total exports in 2014 dropped by 8.9 percent
- May 29,2015
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- SUSTG Team
Saudi Arabia’s Central Department of Statistics found that total exports in 2014 dropped by 8.9 percent to SR1.28 trillion ($342.28 billion), while imports rose. Oil was the lion’s share of total exports at 83 percent of the total value of exports at $280 billion. According to Arab News and Saudi Arabia’s Central Department of Statistics, non oil […]
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Saudis Keep Up Production at High Levels to Drive Out U.S. Shale ‘with OPEC Backing’, Bloomberg Says
- May 27,2015
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- SUSTG Team
Bloomberg’s Grant Smith and Maher Chmaytelli write that Saudi Arabia will continue to push for high output levels in order to beat back U.S. shale at an OPEC semiannual meeting on June 5th, and will have OPEC backing to do it, extending a strategy that Saudi Arabia and OPEC see as working. The decision by […]
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Saudi Arabia Arrests 93 Suspected Members of Daesh, ‘Including at Least 65 Saudi Nationals’
- April 28,2015
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- SUSTG Team
Saudi Arabia has arrested 93 people suspected of belonging to the Sunni Muslim militant group Islamic State, including at least 65 Saudi nationals, according to a Reuters report this morning citing the SPA. The round-up comes as Saudi Arabia intensifies its efforts to crack down against extremism both inside the Kingdom and externally in neighboring […]
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Jadwa’s Quarterly Oil Market Update Finds Glut in Oil Markets Widening, Brent to Average $61 Per Barrel in 2015
- April 8,2015
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- SUSTG Team
Jadwa Investment’s just released Quarterly Oil Market Update (Q1 2015) found a widening glut in the supply of oil globally, putting downward pressure on the price on international indices. The Riyadh-based bank said that it now estimates an average price of oil at $61 per barrel in 2015, down from $79. “The widening of global oil […]
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Saudi Arabia’s Brig. Gen. Ahmad Asseri Puts Daily Face on Saudi Strikes into Yemen
- April 6,2015
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- SUSTG Team
As Saudi Arabia’s airstrikes into Yemen extend into a third week, the government’s daily face of the campaign is Brig. Gen. Ahmad Asseri, who gives a daily press briefing featuring photos, videos and other images highlighting the Saudi strikes into Yemen. These photos and videos have been released and disseminated to Saudi media and are circulated […]
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SudanSudan’s Bashir forced to step down after mass protests
Sudanese President Omar al-Bashir was deposed by the army on Thursday and consultations were under way to form a transitional council to run the country, drawing a line under three decades of autocratic power that included allegations of genocide.
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India-PakistanDid India Shoot Down a Pakistani Jet? U.S. Count Says No.
The dogfight between the two nations occurred on Feb. 27, when India says a group of Pakistani jets entered its airspace in response to the first Indian air raid on Pakistani territory since a 1971 war. India scrambled its own jets and gave chase. During the aerial battle that ensued, Varthaman took a missile hit and ejected safely into Pakistani territory.
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Australia-TurkeyGallipoli tourism operators play down Australia-Turkey tensions
Erdoğan suggested that anyone who travels to Turkey with anti-Muslim sentiments would be sent back in coffins, “like their grandfathers were” during the Gallipoli campaign.
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Anti-ISIS CampaignShadowy ISIS spokesman calls for revenge after New Zealand attacks
Six months after his last utterance, the shadowy top spokesman for ISIS on Monday evening emerged to call for retaliatory attacks following a twin shooting in New Zealand mosques last week and to say that the loss of the group’s last territory will not weaken their impact.
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SecuritySaudis shoot down drone aimed at kingdom, Saudi TV reports
Saudi Arabia’s air defense systems shot down a drone over the kingdom on Friday, the Saudi-led military coalition in Yemen said, and it accused the country’s Houthi fighters of launching the aircraft and targeting civilians.
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U.S.-TurkeyTurkey and U.S. head for showdown over missile contracts
President Tayyip Erdogan’s government has missed a ‘soft deadline’ set by Washington to decide whether to buy a $3.5 billion Raytheon Co. Patriot missile shield system. The formal offer expires at the end of this month, U.S. officials have said.
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OmanOman’s fiscal challenges prompt Moody’s debt downgrade
Oman’s state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame and leading Fitch and S&P to cut Oman’s rating to junk over the past two years.
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QatarQatar bourse hits 2-month low, major Gulf markets down
The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly pressured by financial shares.
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Anti-ISIS CampaignAs ISIS Fight Winds Down in Syria, Detainee Numbers Are Rising
Nearly 1,000 foreign fighters are in custody, U.S. Special Ops commander says — and in legal limbo.
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IranIran’s Millennials See Windows to the Outside World Closing
People in Tehran celebrated the 2015 multinational nuclear agreement the way another city might mark a major sports victory.
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